The registered name of the limited liability company. In law, a limited liability company has its own legal personality.
Date & country of incorporation ;
This will reveal whether the company is an external company registered in another country. The date is indicative of the age of the company.
This registration # also indicates the length of time that the company was in existence because it contains the year that the company was registered accompanied by other numbers.
Registered office address of the company, this should be reflected on the Form 4 or Notice of Address and or the Forms 28(Annual Returns).
A PO Box or Bag #, that the company uses will suffice because the registered office address was already captured above.
Please ask for a current number and extension where applicable.
Preferably the company’s email address.
Purpose of Intended Nature of Business Relationship
This is not the services offered by the Company, but it is the reason for the customer approaching your entity.
Name, Addresses of Directors/Secretary/Officers/Authorized Signatories
Full name, as it appears on their Government issued Identification documents;
Position ;e.g. Directors, Secretaries;
2 forms of valid, government issued identification;
Expiry date, will assist in determining whether the ID is valid;
Country of Issue; Helpful in identifying Non Residents or countries that are High Risk.
Identity of Shareholders holding more than 10% Paid Up Share Capital.
Paid–up capital is the amount of money a company has received from shareholders in exchange for shares of stock. Paid–up capital is created when a company sells its shares on the primary market, directly to investors -Most Applicable to Public Companies, trading on the Stock Exchange reference: https://www.investopedia.com/terms/p/paidupcapital.asp
The Name of the Beneficial Owner
“The natural person(s) who ultimately owns or controls a customer and/or the natural person on whose behalf a transaction is being conducted. It also includes those persons who exercise ultimate effective control over a legal person or arrangement.” FATFWhy would an individual choose to be the beneficial owner?
Two forms of IDs for the beneficialowner
Valid , government issued photo identification
Address of Person ;
Permanent address of the UBO
Source of Funds Declaration
Source of funds refers to the origins of the activity that generated the particular funds or assets which are used in the transaction between the customer and the FI/LB. eg $136,000 from bank loan proceeds from ACB Arima , or $136,000 from Company Account, Tobago Branch chq # XXX
Signature of Customer;
The Company Stamped should be used by the customer, who is acting for and on behalf of the company.
Official Use Only;
For Compliance Review;
There should be a check box or Yes/No option to confirm whether these Sanction Lists were consulted:
UN 2253 List;
FATF Non-Cooperative Countries and Territories;
TT Consolidated List of Court Orders
About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP is an author and entrepreneur based in Trinidad and Tobago.
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